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What are accounting Principles?
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Answer Posted / swati kumari pattnaik
Accounting principles are classified into two categories.
Accounting concepts and conventions.
Accounting concepts
1.Accounting Period Concept.
2.Business entity.
3.Cost Concept.
4.Dual Aspect.
5.Accrual Concept.
6.Going Concern Concept.
7.Money Measurement Concept.
8.Matching Concept.
9.Realization Concept.
Conventions
1.consistency.
2.full disclosure.
3.materiality.
4.conservatism.
| Is This Answer Correct ? | 26 Yes | 11 No |
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